Dubai’s Real Estate Revenue Records AED 194 M in 1 Day

• Thursday, 4th August 2016
• by Fatma Khaled

Dubai’s committee for Land and Properties recorded total land sales of AED 194 million on August 2nd.

Saudi Arabia Studies Using 3D Printing for Housing Project

• Thursday, 4th August 2016
• by Fatma Khaled

Saudi Arabia is collaborating with a Chinese company to study a proposal that aims at implementing 3D printing techniques in the construction of housing units.

Saudi Arabia Drafts Rules for Real Estate Funds

• Thursday, 4th August 2016
• by Fatma Khaled

As efforts in attracting private investors in to the housing department, Saudi Arabia drafted rules for exchange-listed real estate funds.

Qatar’s Barwa Real Estate Buys Saudi Land for $175.8 M

• Thursday, 4th August 2016
• by Fatma Khaled

Qatar’s Barwa for Real Estate, one of the Gulf Arab state’s major developers stated that it purchased a vacant plot land in Riyadh, Saudi Arabia worth of 659.28 million Riyals which is equivalent to $175.8 million

Al Dar Properties Records 9.7% Increase in Net Profit in Q2 2016

• Thursday, 4th August 2016
• by Fatma Khaled

Al Dar Properties net profit rose up about 10%, on Tuesday, even though there are problems in the Abu Dhabi real estate market.

Egyptians Rank Second Among Non-GCC Arab Investors in Dubai Real Estate

• Monday, 1st August 2016
• by Joana Saba

Investors from Egypt constitute the second largest number of non-GCC Arab investors in the Dubai real estate market, according to the Dubai Land Department.

Saudi ‘White Land’ Fees Spark Unprecedented Drop in Real Estate Sales

• Sunday, 31st July 2016
• by Joana Saba

A new tax on undeveloped lands, aiming to tackle the sharp housing decline in the kingdom, induced a 56.7% drop in real estate sales in Saudi Arabia.

Emaar Properties Posts 12% Net Profit Increase in H1 2016

• Sunday, 31st July 2016
• by Joana Saba

Dubai's Emaar Properties recorded a net profit of AED 2.475 billion ($674 million) in the first six months on 2015, compared to AED 2.205 billion in the same half of the previous year, marking a 12% increase.

Mall of Qatar Gears Up for Grand Opening in October

• Sunday, 31st July 2016
• by Eman El Sherbiny

Set to open on October 29th, Mall of Qatar, which will include 500 shops and 7,000 underground and surface-level car parks, is expected to receive 20 million customers.

Nakheel Reports 4% Increase in H1 Net Profit

• Sunday, 31st July 2016
• by Eman El Sherbiny

Top Dubai developer Nakheel announced that it recorded AED 2.95 billion ($803 million) in net profit for the first half of this year, compared to AED 2.83 billion in H1 of last year, constituting a 4% increase.